Dividend Declaration - Common Shares

RNS Number : 9399U

Canadian General Investments Ld

21 October 2014

 



NEWS RELEASE TRANSMITTED BY MARKETWIRED

FOR:   CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.C, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

October 21, 2014

Canadian General Investments, Limited

Declares Dividend on Common Shares

TORONTO, CANADA -- Canadian General Investments, Limited ("CGI" or "the Company") has declared a quarterly dividend of $0.12 per share payable on December 15, 2014 to common shareholders of record at the close of business on November 28, 2014 ("the Dividend"). The Dividend is a capital gains dividend for purposes of the Income Tax Act (Canada).

Since CGI qualifies as an investment corporation for Canadian income tax purposes, the payment of capital gains dividends allows the Company to recover taxes paid, or payable, on realized capital gains. Non-residents of Canada will not be subject to Canadian withholding tax on the Dividend.

CGI is a closed-end equity fund, focused on medium to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

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